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All Forum Posts by: Karen Barber

Karen Barber has started 22 posts and replied 89 times.

Post: How to get started on flipping houses

Karen BarberPosted
  • Lender
  • Kansas City, MO
  • Posts 103
  • Votes 28

I really hate seeing people throw thousands & thousands of dollars away at these seminars.  I am so glad you trusted your gut feeling & cancelled.  I have been to one & they are full of hype, music, gets you all pumped up!  However, many times you either end up buying tons of material that you can grab online for free, or worse yet...they try to sell you a turnkey property that you may not be ready for at this particular moment.

Now, I am good with turnkey properties, they are good, but do your investigation & ask questions. If you are looking at a turnkey company, investigate that company!  There are good ones & there are bad ones.  If they are willing to spend time with you, if they are willing to show you houses, if they are willing to assist you on all levels...education being key.... Check out the zip codes, surrounding areas, check out the City.  Remember this is an investment so follow your gut & your feelings.  If you feel pushed or pressured in any way...then I would ask why.

Financing...this is a huge one.  When financing you can have up to 10 loans (including your primary resident) through traditional financing, however, it might be better to look at blanket or portfolio loans as well.  Traditional lines will base off credit as well as property & non-traditional financing will base off the cash flowing property.

Post: Pay cash in a less affluent area or finance in a nicer area?

Karen BarberPosted
  • Lender
  • Kansas City, MO
  • Posts 103
  • Votes 28

@Chris Kovarik

Are you looking to invest in turnkey or to renovate?  I know alot of people will encourage to leverage & this is a good option, many times you can get 2 properties for what you have cash on hand.  However, there is more to the picture.  

If this is a turnkey property, will you be self-managing or using a Property Management firm.  Those fee's can add up, property taxes, maintenance?  I don't know your position.  Personally, for me that is, I like to do things one at a time.  It takes a little more time, however, I have found Cash is King & I can save some money with turnkey providers buying cash...sometimes they will pay for some of the closing costs too.  Buying one at a time, even though my portfolio grows slower, I am able to get a better handle on everything...tenants, rents, taxes etc.  I can also always refinance it at a later date.

s far as neighborhoods....if you have a great strategy, such as PM etc., I don't see a bad area in KC.  I know some people will argue about the Urban Core, it might be a little rougher, less desirable, however, it has great returns & some of the areas that skirt it isn't that bad.  Kansas City as a whole is a great area to invest in.

Post: Newbies Welcome! up to 90% of purchase, 100% of rehab Costs!!

Karen BarberPosted
  • Lender
  • Kansas City, MO
  • Posts 103
  • Votes 28

rates are much better love theae

Post: Rehabing contractor in Kansas City, MO area

Karen BarberPosted
  • Lender
  • Kansas City, MO
  • Posts 103
  • Votes 28

Yes, if you need any help please private message me:)

Post: New to BP from Olathe, KS

Karen BarberPosted
  • Lender
  • Kansas City, MO
  • Posts 103
  • Votes 28

Feel free to reach out to me. I'm always willing to talk to investors about KC. I feel this city is the best to invest in, great yields, lots of social anchors & the City is always improving. 

Post: KC House close to conveniences

Karen BarberPosted
  • Lender
  • Kansas City, MO
  • Posts 103
  • Votes 28

Wonderful home in KC! Check out this 2 bedroom, 1 bathroom property. It has been completely updated through out and feels brand new! Fresh paint, carpet, electrical and more! Located near great Kansas City amenities, you don’t want to miss this cash-flow!

USREEB is in it for our investors. We are the Direct Source Seller with no middleman mark up. We keep our prices low by pulling together our resources and passing the savings on to our investors. With USREEB, you can be assured that you are buying a quality turn-key property at the best possible price. We stand behind our work with our knowledge and buying power to get the very best for investors. USREEB has secure special financing offered to only US Real Estate Equity buyers.

Feel free to reach out to [email protected]

Post: Cute KC Property with 12.15% net yield

Karen BarberPosted
  • Lender
  • Kansas City, MO
  • Posts 103
  • Votes 28

Grandview home with amazing backyard! This exquisite residence, built in 1963, is located near many shops and amenities. The home features include a one-car garage, 3 bedrooms, 1 bathroom, and spacious living areas. The entire 900 square-feet has been completely updated to achieve today’s quality of living, including beautiful hardwood floors throughout. All of these features and more make this property an excellent turnkey investment!

Check out our many investments at www.usreeb.com & feel free to reach out to me [email protected] or 816.694.3458

Post: Turnkey rentals

Karen BarberPosted
  • Lender
  • Kansas City, MO
  • Posts 103
  • Votes 28

Hi!  Feel free to pm me or call me & maybe I can help you on your fears:0  Investing in out of state real estate can be daunting....all the numbers, however, if you find a person who takes time to assist you, it is not that hard.

I try to help everyone I talk to, whether they purchase from me & the company I work with or from someone else.

Education, patience, asking questions makes this process so much easier!

Good luck!

Post: Excellent KC Investment Opportunity

Karen BarberPosted
  • Lender
  • Kansas City, MO
  • Posts 103
  • Votes 28

Excellent investment property for the right buyer – all you have to do is sign the papers! Listed at under $80k, this turn-key property has everything going for it. The 1958-built home was renovated in 2015, so it’s just like new. Fresh, neutral paint and flooring in every room, updated bathroom and kitchen with newer appliances, and all systems – HVAC, electrical, plumbing – has been thoroughly inspected. The location is great too, with easy access to highways, parks, and public transportation. Plus, there are already established tenants bringing you immediate income! It doesn’t get better than this for investors; contact us today to learn more about this listing!

Post: Repair cost breakdown?

Karen BarberPosted
  • Lender
  • Kansas City, MO
  • Posts 103
  • Votes 28

When I get to my computer I'll send you an example:)